Collateral requirements vary by asset and account country according to national law. Generally it’s 50% LTV on equity collateral but leverage can be higher depending on the case.
I paid for a house with their margin to avoid triggering gains on long term positions, while waiting for some locked up options to liquidate.
Financial freedom is an interesting topic, and one that I don’t have much expertise in.
What is cryptocurrency freeing you from? You listed several opportunities that cryptocurrency could provide you, but I don’t exactly see the correlation with financial freedom.
Again, the correlation is obvious to anyone who actually uses this stuff. If I want to trade on margin on Fidelity, I need to sign some forms, go through a lengthy application process which may or may not actually be accepted to finally be able to trade with high interest rates and non-transparent margin requirements (my fidelity margin requirements change out from under me nearly every single day) routed through rent seeking, too-big-to-fail hedge funds and dark pools with T+2 order execution and restrictions on when during the day I can trade (only during day trading hours). Oh and don't accidentally trip up a "good faith" violation and have your account suspended from margin trading for a month even though you've done nothing wrong, and their antiquated systems simply aren't able to account for the fact that you weren't, in fact, trading money you didn't have.
Just let me do what I want with my money, it's pretty simple. Sure maybe there are negative externalities that come with that, but freedom isn't free.
We probably have differing perspectives of what freedom means. Financial freedom to me means dedicating my time to doing things that enrich my lived experience.
> "Again, the correlation is obvious to anyone who actually uses this stuff"
I don't know if it is your intention, but I find that to be dismissive and unnecessary. I would appreciate the opportunity to discuss opposing viewpoints with civility.
Giving people loans with "no questions asked" has lead to significant amount of problems in the past.
The current systems may not be perfect, but they do exist for a reason. Chesterton's Fence and all.
You're the one who sounds like they are subscribing to a religion and haven't actually even attempted to understand what financial freedoms are suddenly afforded to you when you use cryptocurrency.